After hitting their hitting their highest levels since 2008 this morning, UK 10-year borrowing costs have eased back too.
The yield, or interest rate, on 10-year gilts is down 2.5 basis points (0.025 of a percentage point) to 5.14%.
That follows the easing in the oil price, after Tehran said it had responded to a new US proposal aimed at ending the Iran war (see earlier post).
It also follows early losses in global bonds, with Japan’s long-term borrowing costs hitting record highs (see opening post).
